jack ma by jenny xu

Jack Ma– the face of Chinese scrappy

entrepreneurship

Jenny (Zhi) Xu

Who is Jack?

Road to success

Success

?49

2013Born1964

81972

201984

Cultural revolution: 66’-76’

Reform and Opening up

eBay enters China

301994

Discovers English Entered college

after 2 failed attempts

Quit teachingto start translation

business

1999Founded Alibaba

94’992 failed startup

attempts

Acquired Yahoo China

Amazon founded

402004

What is the significance of Alibaba?

• A collection of disruptive companies

• Creating jobs and supporting small businesses

• 55MM registered B2B accounts • 10MM jobs (Taobao)

• Innovation• Singles day: $5.7B in one day • Largest currency fund in China• Mobile taxi app

• It all began with Chinese chivalry…

• …to empower the young

• …and have fun…

• Jack built a career around a vision that aligns with his core values

• Learning and mentoring is a responsibility for leaders

• Be humble, be grateful

Lessons Learnt

Can entrepreneurs have it all?Family

5%

Self5%

Community30%

Career60%

Career30%

Community30%

Family 20%

Self20%

Q&A

“Wealth is not the goal… the goal is to create a truly Chinese founded company that the whole world can be proud of for its accomplishments.”

“I’ve seen people make a fortune catching shrimps but never make a fortune catching sharks and whales.”

“I have faith that the Chinese young generation will do better than us!”

“There is trust and faith in China…it will make the whole world more open, more transparent, more sharing, more responsible”

“We don’t need a rich father, we have persistence and a dream…”

“I am very grateful and proud for my 14 years in business… but in terms of what we have done for the society, this is only the beginning…”